In today's trading session, ONGC has break the support of 200 moving average in this stock and it is now likely to go down to 130 in daily timeframe.
Bull Gateway: 1852 Gold spot has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it's above 200 MA. That's a good sign for buyers! If gold breaks the parallel channel, my upside targets are 1866 - 1882 - 1906 - 1920 . But, it hasn't broken the parallel channel in the last trading session. It's at the...
May Monthly expiry on 26th Top three months with max FII selling in cash in recent times March 2020 - 65k crores Feb 2022 - 45k crores March 2022 - 43k crores It is already 44k crores in May - so it's a no-brainer that May would come in the top three. big question is - can it match Feb 2020 sell figures? I doubt but Time will tell BNF interesting...
Tata Motors - trading near 200 day EMA - 50 day EMA around 429 - trend line resistance around 460 - 470 another resistance zone - Support at 380 Given the set up, strategy for June expiry Consider selling 480 Call option and 360 Put option Lot size: 1425 Net incoming: 10.25 approximately Profit potential Rs 14606 per lot (10%) Risk if Tata Motors closes...
The market has closed in red. After a huge gap down markets kept selling and selling. Banknifty has closed just near the support level but the market still seems jittery. There were clear sigh of selling on studying the Open Interest. On smaller time frame, it has breached both the moving averages. Support :- 33300, 33000 Resistance :- 33420, 33600 Market has...
Nifty 50 crossing 15700 level by end of May, will indicate a possibility of further weakness in market and a possible crash. This will mean breach of 20 month SMA level. Last time it happened was in Feb 2000 just before Covid Lock Down.
Asian paints had traded in a narrow range whole day after a initial up move. On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green. It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end. Immediate resistance are the high the points from where it...
Nifty again tested it 16400 level of resistance and retraced heavily to its support level. There is still a moving average divergence. On hourly time frame, it has closed above its 20 ema. It has closed near its strong support level and above its 200 ema on 15 minute analysis. Support :- 16210, 16080 Resistance :- 16400, 16480 Wait for the price action near...
Bank nifty after a nice gap up closed in red losing around 100 points. It has been taking resistance from 34600 and again retraced after hitting the levels. On hourly analysis, the market seems to rest near its 50% fib level. The moving averages on a 15 minute time frame has converged and the market has closed below 20 and 200 ema. Support :- 34150,...
*for educational purpose only. forming an ascending triangle and given a breakout. moving average is supporting the price .nicely moving on trendline.
On May 13, we highlighted chart set up which indicated Nifty near possible support zone. On May 17 morning, we highlighted F&O trade data analysis which increased our confidence to stay Long.... Now results of doing our homework is in front of you... - Charts helped us identify important levels where trading decisions can be taken beforehand and - F&O data...
Nifty has rallied 400 points and has closed on a bullish note on daily chart. On 15 minute time frame analysis, nifty has closed above its 20 and 200 ema. The moving averages are close and there can be a bullish moving averages divergence. Support :- 16210, 16080 Resistance :- 16400, 16480 The market can take a rest in a narrow range. Wait for the price action...
Bank nifty after initial gap up continued the rally and closed just near the resistance. On 15 minute time frame, market has closed above the 20 ema and RSI indicator is in the over bought zone. The market has rallied and formed a bullish candle on daily chart. Support :- 34100(zone), 33765 Resistance :- 34375, 34750 Market can remain in a zone for tomorrow...
1. Before this move, the stock has gone in a very low slope uptrend signifying an accumulation. 2. This trend retracement has taken support at 0.5 Level and also on 44 EMA and now moving with a good momentum. TARGET TILL Previous High 2420/-
Nifty has closed in green on daily time frame and has formed an inside candle too. There is a bearish moving averages divergence and markets can remain in a narrow range. The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart. Support:- 15830, 15745 Resistance :- 15895, 16080 Markets are still...
nifty fall 650 points from high to low and also closed near previous week lows as well which indicates that there is more pressure from highs and no to very little demand at lows. I will trade as per marked levels on my chart for next week. Expecting a sideways to bearish market for next week ahead. Happy Trading :) Disc: Chart posted only for learning purpose.
According to EWT: 5th wave has already traveled for more than 2.618% reverse Fibonacci retracement of wave 4. Now, bullish momentum can push it up to 136 at 3.618% .
- Nifty near its March bottom - if holds on to 15680-15720 zone then it could be a case of Double bottom - Target could be retest of 20 day EMA / 50 day EMA / 200 day EMA ( use charts to keep track of these levels as it changes with every trade day) - trend line resistance around 16680 / 16800 Risk factor - we see 50 day EMA crossing below 200 day EMA which is...